Friday, March 29, 2013

Prana to Acquire Rhythm & Hues

A court hearing on confirmation is scheduled for Friday.

A holding company associated with Prana Studios has submitted the winning bid to acquire visual effects studio Rhythm & Hues at a bankruptcy auction that started Wednesday morning at the offices of its reorganization counsel Greenberg Glusker.
A court hearing on confirmation of the winning bidder is scheduled for 10 a.m. Friday.

Prana Studios is a VFX and animation studio with bases in Los Angeles and Mumbai. It is currently providing animation for Disney’s upcoming 3D feature Planes.